Jobs vs. Machines: The Rise of Artificial Intelligence

From StosselTV

The media tell us Artificial Intelligence will replace millions of jobs. They’re right, but that doesn’t mean we should fear it.

The Teamsters are protesting self-driving cars, asking government for more regulation, hoping to stop AI vehicles from taking delivery, taxi-driver and truck-driver jobs. That’s a fight that they can’t win.

Loom weavers, typists, telephone operators, bank tellers, and many other jobs were destroyed because of new technology. It won’t stop happening, and AI will make it happen faster. But as people lose jobs, remember that so far, this creative destruction has led to people finding new, better jobs.

Unemployment has been dropping, and wages keep going up! If history is any indication, AI will be a good thing.

** Technical advice from Mark Palmer **

After 40+ years of reporting, I now understand the importance of limited government and personal freedom.

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Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.

Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20. Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.

Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.

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